DealBook Online

By PETER LATTMAN, SUSANNE CRAIG, MARK SCOTT and JULIA WERDIGIER

Published: March 6, 2013

TRIAL TO PROCEED A Federal District Court judge in Dallas denied a request by Mark Cuban, below, to dismiss a nearly five-year-old insider trading lawsuit brought against him by federal securities regulators. A trial is scheduled for June.

Judge Sidney A. Fitzwater decided that the Securities and Exchange Commission’s civil action against Mr. Cuban could proceed to trial. Mr. Cuban has maintained that he has done nothing wrong. PETER LATTMAN

FRAUD SENTENCE A federal judge in California has sentenced Philip Horn, a former Wells Fargo broker who pleaded guilty to defrauding more than a dozen clients, to two years in jail.

The judge, Gary A. Feess, noted in handing down the sentence on Monday that Mr. Horn had already paid more than $1 million in restitution, according to a news release issued by André Birotte Jr., the United States attorney for the Central District of California. SUSANNE CRAIG

SLOW RESPONSE British authorities failed to spot interest-rate manipulation by big banks because they were concentrated on responding to the financial crisis, according to an internal review by the country’s financial watchdog released on Tuesday.

The review, by the Financial Services Authority, said that officials had become too focused on containing the financial crisis to analyze information connected with the rate-rigging. “The F.S.A. did not respond rapidly,” Adair Turner, above, the agency’s chairman, said in a statement. MARK SCOTT

WINDING DOWN The British bank HSBC made some progress on Tuesday in shrinking its consumer loan portfolio in the United States, which has been a drag on its earnings.

HSBC agreed to sell a portfolio of personal unsecured loans and mortgages to Springleaf Finance and the Newcastle Investment Corporation for $3.2 billion in cash. HSBC also said it was selling Springleaf its loan servicing facility in London, Ky. JULIA WERDIGIER